Regulatory Alerts2025-01-01
Instructions No. 8 of 2025 Regarding Cash Deposits in Israeli Shekels
The Palestine Monetary Authority issued Instructions No. 8 of 2025 to regulate how licensed banks accept cash deposits in Israeli Shekels under current conditions. The directive mandates banks to accept deposits under 5,000 shekels without restriction, prioritize shekel transactions for essential goods, and actively promote electronic payment methods and financial inclusion. Banks are also required to monitor for customer exploitation of the situation and face penalties for non-compliance with these regulatory measures.
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